IMF Research Calls For Stronger Fiscal Discipline to Restore Budget Credibility in Africa - Tekedia

The IMF says budget plans in sub-Saharan Africa often differ from actual spending, highlighting weak budget credibility.

Pandemic shocks, commodity swings, climate pressures, high interest rates, and heavy debt are straining fiscal discipline.

Narrow tax bases and weak treasury and cash-management systems are making revenue and spending harder to control.

The IMF argues that stronger public financial management can improve investor confidence, lower borrowing risk, and boost accountability.